Common use of Earmarked Reserves Clause in Contracts

Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the Council, ensure that Council reserves are used on an invest-to-save basis and to support Council priorities. The exceptions to this are ring-fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the Council’s Reserves Policy update that will be reported to Corporate Resource Management and Governance Scrutiny Committee and Cabinet in August. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for “Approved Use” £000 Corporate Reserves Corporate Reserves Third Party Monies Reserve Parks Bequest 45 Corporate Reserves Third Party Monies Reserve XX Xxxxx Bequest 79 Corporate Reserves Area Committee Reserves Delegated Budgets 566 Strategic Priority Reserve Capital Programme Investment Reserve Road Safety in Schools 100 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 206 Corporate Reserves Legislative and Statutory Requirements Reserve Waste Campaign (18th months) carry forward 44 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 573 Strategic Priority Reserve Infrastructure Investment Reserve War Memorials 7 Corporate Property Reserves Corporate Property Reserves Cheadle Pool Closure Loss of Income 44 TOTAL 1,664

Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the Council, council and to ensure that Council council reserves are used on an invest-to-save basis and to support Council council priorities. The exceptions to this are ring-ring fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the Councilcouncil’s Reserves Policy update that have been reported to Cabinet in July and will be reported to Corporate Resource Management and Governance Scrutiny Committee and Cabinet in AugustSeptember. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for “Approved Use” £000 Directorate Reserves Directorate Reserve Directorate Flexibility Reserve - Place Development of a housing prospectus for ageing well 50 Directorate Reserve Directorate Flexibility Reserve - Place Marple Leisure Project 12 Corporate Reserves Corporate Reserves Third Party Monies Reserve Parks Bequest 45 44 Corporate Reserves Third Party Monies Reserve XX Xxxxx Bequest 79 Corporate Reserves Area Committee Reserves Delegated Budgets 566 Strategic Priority Reserve Capital Programme Investment Reserve Road Safety in Schools 100 403 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 206 Corporate Reserves Legislative and Statutory Requirements Reserve Waste Campaign (18th months) carry forward 44 170 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 573 Strategic Priority Reserve Infrastructure Investment Reserve War Memorials 7 487 Corporate Property Reserves Corporate Property Reserves Marple / Cheadle Pool Closure Loss of Income 44 TOTAL 1,66449 Reserve Linked to Budget Transformation - Invest to Save Reserve Specialist support from leisure experts for the Leisure review 110 Reserve Linked to Budget Transformation - Invest to Save Reserve Climate Change 124 Total 1,528

Earmarked Reserves. The majority of earmarked reserves Earmarked Reserves are held kept at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Membersbid for the use of them. This strategic approach is designed to provide financial resilience for the Council, ensure that Council reserves are used on an invest-to-save basis and to support Council priorities. The exceptions to this are the Directorate Reserves and ring-fenced reserves and the Directorate Flexibility Reservereserves. The reserve commitments shown are subject to change as part Earmarked Reserves for the Economy and Regeneration Portfolio at the beginning of 2018/19 consists of the Council’s Reserves Policy update that will be reported to Corporate Resource Management and Governance Scrutiny Committee and Cabinet in August. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. following: Reserve Category Reserve Narration To be used for “Approved Use” Use £000 Directorate Reserves Directorate Reserve Directorate Flexibility Reserve - Place F&B Sector Development Support 23 Directorate Reserve Directorate Flexibility Reserve - Place Town Centre Living Development Framework 69 Corporate Reserves Corporate Reserves Third Party Monies Legislative and Statutory Requirements Reserve Parks Bequest 45 Development of a new Local Plan approved by the Executive 228 Corporate Reserves Third Party Monies Capital Programme Investment Reserve XX Xxxxx Bequest 79 Corporate Reserves Area Committee Reserves Delegated Budgets 566 Flood Investment 11 Reserve Linked to Budget Transformation - Invest to Save Reserve Markets Consultation 53 Reserve Linked to Budget Transformation - Invest to Save Reserve Regeneration Projects 26 Reserve Linked to Budget Transformation - Invest to Save Reserve HLF Bramall Hall 163 Strategic Priority Reserve Capital Programme Investment Reserve Road Safety in Schools 100 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 206 Corporate Reserves Legislative Interchange and Statutory Requirements Reserve Waste Campaign (18th months) carry forward 44 College Feasibility 299 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 573 Walking & Cycling Projects 18 Strategic Priority Reserve Infrastructure Capital Programme Investment Reserve War Memorials 7 Corporate Property Reserves Corporate Property Reserves Cheadle Pool Closure Loss of Income 44 Stockport Place Marketing and Communications 75 Strategic Priority Reserve Capital Programme Investment Reserve Stockport Exchange Phase 3 97 TOTAL 1,6641,062